Land-Owned Senior Mobile
1131 Greenhill Way Corona, CA 92882
1131 Greenhill Way, Corona, CA, 92882
$348,000
For Sale
$348,000
Senior community mobile home with permitted addition, indoor laundry, storage shed, and covered parking for multiple vehicles.
Property Size1,440 SF
Price / SF$241.67
Days on Market22
Property Features for 1131 Greenhill Way
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Manufactured In Park
Listing agency
Kinetic Realty
(562) 708-7379
Listed by
Danielle Miller · License #01311722
(562) 708-7379
Source
Exprealty
Added: Jul 1 Updated: Jul 21 at 9:32AM Checked: Jul 21 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kinetic Realty
Investment Insights
Based on property information with market context.
This land-owned senior community mobile home offers a bright interior with a living and dining area featuring built-in cabinets. The open kitchen overlooks the family room and bonus room. The primary suite includes two closets, built-in cabinets, and an en-suite with dual vanity sinks. A second bedroom provides direct access to the hall bathroom and includes built-in cabinets and a large closet. Additional features include an indoor laundry area, a storage shed, yard space, and a large front porch with covered parking accommodating approximately 2–3 cars. The original home was approximately 1,440 square feet with a permitted addition of approximately 240 square feet.
The community provides shared amenities including a heated pool and a clubhouse with a full kitchen for activities such as bingo and line dancing. Motor home spaces are available for rent, and the HOA is described as quarterly with no space rent. The community is for seniors, with one occupant required to be 55+.
Access to daily needs is supported by proximity to shopping, a senior center, the bus stop, fire station, and freeway.
The community provides shared amenities including a heated pool and a clubhouse with a full kitchen for activities such as bingo and line dancing. Motor home spaces are available for rent, and the HOA is described as quarterly with no space rent. The community is for seniors, with one occupant required to be 55+.
Access to daily needs is supported by proximity to shopping, a senior center, the bus stop, fire station, and freeway.
Key Highlights
- Own‑the‑land senior mobile home in Village Grove Mobile Home Estates (1 occupant must be 55+)
- Permitted addition added approximately 240 SF to original 1,440 SF home
- Indoor laundry area plus storage shed and yard space
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $28.80 |
| − Vacancy | −$2.2k | −$1.50 |
| EGI | $39.3k | $27.30 |
| − OpEx | −$17.7k | −$12.29 |
| NOI | $21.6k | $15.02 |
1,440 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,624 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.9K
$391.9K – $522.6K
NOI $31,353 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Senior community mobile home with permitted addition, indoor laundry, storage shed, and covered parking for multiple vehicles.
Where is this mobile home & rv park located?
The property is located at 1131 Greenhill Way Corona, CA.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Own‑the‑land senior mobile home in Village Grove Mobile Home Estates (1 occupant must be 55+); Permitted addition added approximately 240 SF to original 1,440 SF home; Indoor laundry area plus storage shed and yard space
